McDermott wins big EPCI contract from Saudi Aramco

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Time: March 01, 2019  

Image used for illustrative purpose. An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018.

Image used for illustrative purpose. An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018.

REUTERS/Ahmed Jadallah

US-based McDermott International said that it has received a large contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.

The contract includes the full suite of EPCI services for the upgrade of two existing platforms related to the installation of associated equipment for electrical submersible pumps (ESPs) and space for a future high integrity pressure protection system (HIPPS), subsea composite cable lay and topside cable tie-ins.

“This award is testament to Saudi Aramco‘s confidence in McDermott’s ability to execute this complex type of project,” said Linh Austin, McDermott’s senior vice president for Mena.

“We have a long track record of executing similar scopes of work and believe that by working closely with our clients we can offer industry leading solutions which are suited to this evolving market segment.”

The project is scheduled to be fully executed from McDermott’s Al Khobaroffice and Dammam fabrication facility, in line with its strategic focus to strengthen In-Kingdom content.

Work on the project will begin immediately and the contract award will be reflected in McDermott’s first quarter 2019 backlog.

McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.

McDermott defines a large contract as between $50 million and $250 million, a company statement said.– TradeArabia News Service

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This article was first published in ZAWYA

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